10 RICHEST MUSICIANS IN AFRICA & NET WORTH 2023 [Forbes Ranking]

Recently, African musicians have been making the symbol of excellence and wealth, considered opulent, affluential, and also rated as an A-list artist on the global scene, not because of the acceptability of their musical prowess, but the ability to turn the financial table of the event around. The recent ranking of African richest musician by Forbes international for the year 2023 is a confirmation of such testament. 

Not only is African musicians blessed with lyrics, rhythms, beats, and vibes that makes their album such entertaining to the listening pleasure of the entertained, but the wild acceptance across the shores of the oceans is something worthy of observation, for the wider your album goes, the more money you are likely to make.

This implies that the richest African musicians have most of their albums aired across many continents of the world, most especially in the United States and also in the United Kingdom.

The fortunate thing to reckon with is that Nigerian artist is never left ashore among the top 10 richest African musicians, they dominate the list descriptively, but their wealth accumulation is not equivalent to the first African richest musician. Weird, you say!! 

The standard of measurement for being successful in the music industry globally is wealth and fame; some are fortunate to make the peak, while most are unfortunate and therefore frustrated in the journey of creating an imprint with their name in the hallmark of being among the richest musician in Africa. 

This year Forbes update on the richest musicians in Africa is questionable, we expect to see Diamond Platnumz of Tanzania on the Forbes list of top richest musicians in Africa, we expect to see Diamond Platnumz at least among the top 5 richest. But Forbes is Forbes and we cannot decide for them, they have their ways of measuring this which I still question.

Read More: Diamond Platnumz Net Worth Forbes: Bio, Career & Facts

Who is the Richest Musician in Africa? The likes of A-list Nigerian hip-hip artists like Wizkid, Don Jazzy, and Davido featured in the list of richest musicians in Africa, as well as the Ghanaian rapper, Sarkodie.

Read Also: Richest Musicians in Ghana & Net Worth

The legendary Senegalese and Mbalax singer Youssou N’dour is the richest currently, do not forget that the international African-American rhythm and blues singer, Akon was the richest African musician in 2020, Akon net worth in Africa is due to many works, stress, shows, videos and many more. Akon top the featured, as well as the South Africa Musician and DJ, Nkosinathi Maphumulo, whose stage name is Black coffee, but now Akon is ranked the second richest. Let’s see the top 10 richest musicians in Africa;

TOP 10 RICHEST MUSICIANS IN AFRICA

Who is the richest musician in Africa 2023? If you have been asking who the richest musician in Africa is, then we have the list of Forbes richest musicians in Africa 2023 here for you. The following are The Top 10 Richest Musicians In Africa and their Net Worth;

• Youssou N’dour ($145 Million)
• Akon ($80 Million)
• Black Coffee ($60 Million)
• Wizkid ($21 Million)
• Davido ($20 Million)
• Don Jazzy ($18 Million)
• Burna Boy ($17 Million)
• 2Baba ($16.5 Million)
• RudeBoy ($16 Million)
• Timaya ($12 Million)

This article will feature only the top 10 African richest musicians among the list of African Musicians on the continent, as well as their present net worth for the year 2023. This list consists of the best musicians in Africa. See the richest musician in Africa 2023.

1. YOUSSOU N’DOUR – (NET WORTH $145 MILLION)

Full name: Youssou Madjiguène Ndour.

Stage name: Youssou N’dour

Birth Date: 1st October 1959. 

Present Net Worth: $145 Million

Profession: Singer, songwriter, composer, occasional actor, businessman, and politician

Originality/ Nationality: Senegal

Record Label: Prince Arts, Columbia, Chaos, Real World, Nonesuch

Youssou N’dour is the richest musician in Africa currently, he has been in the music business for over 4 decades as he started his music career in 1979, he is a singer, songwriter, , actor, composer, businessman and also a politician.

He is from Dakar in Senegal and was born on the 1st of October 1959 to a Serer father and a Toucouleur mother, he started performing at an early age of 12 though his music career started officially at the age of 15 when he joined Super Diamono. 

As a successful musician, he became wealthy and was able to own a TV Station, his own record label, many restaurants and also owns a clothing line named “Youssou N’Dour Seduction”

In 2005 he won the Grammy Awards for best contemporary world music album his CD Egypt. Aside from being a musician and owning different brands he also joined politics and he was Senegal’s minister for culture and tourism 2012–2013.

Youssou N’dour current net worth is estimated to be $145 Million according to Forbes which made him the wealthiest African musician.

2. AKON – (NET WORTH $80 MILLION)

Full name: Aliaune Damala Bouga Time Puru Badara Akon Thiam.

Stage name: Akon 

Birth Date: 16th April 1973.

Present Net Worth: $80 Million

Profession: Actor, Businessman, Rapper, Record Producer, Singer

Originality/ Nationality: Senegal/United States

Record Label: Konvict Muzik

Over several years, Akon had been labeled as the African richest musician, the best musician in Africa and among the world’s most acclaimed musicians, Akon was born at St. Louis hospital, Missouri, in 1973, is of Wolof descent (the Wolof are an ethnic from Dakar in Senegal.) The Senegalese hip-hop, Solo, and rhythm and Blues artist rose from obscurity into limelight after the release of his first single “Locked Up” from his debut album, Trouble, in 2004.

Unfortunately, Akon dropped to the 2nd on the list and this is understandable because of his huge investment on AKONCITY and others that has been gulping his money.

Apart from being a world-class singer, he is also an artist, songwriter, record producer, and the C.E.O. of Konvict Muzic. Akon has dignified his music gallery with a total of 45 Billboard Hot 100 songs. He accrued most of his wealth from the musical sales of his album, which push the sales of over 35 million worldwide, as well as several endorsement deals, plus other investments have risen to the top of the list. No hesitation over the continual swirls of his fame globally.

Furthermore, as a result of his meritorious contribution to the entertainment industry at large, he has appeared in remarkable national and international award nominations – notably been nominated for a total number of five times on the Grammy Award nominations list. Akon net worth 2023 Forbes list shows he truly deserves the NO2 spot as his fame and immense success in his musical career distinguish him as the 2nd richest musician in Africa. 

3. BLACK COFFEE – (NET WORTH $60 MILLION)

Name: Nkosinathi Innocent Maphumulo

Stage name: Black Coffee 

Birth Date: 11th March 1976

Present Net Worth: $60 Million

Profession: D.J. and record producer

Nationality: South Africa

Record Label: Soulistic Music

Forbes recognizes Nkosinathi Maphumulo as the richest South Africa musician, which concurrently ranks as the third richest African musician at present. In March 1976, Black Coffee was born in Durban in KwaZulu Natal, grew up in the Eastern Cape in Mthatha before moving back to Durban to study music at Natal Tech, where he majored in Jazz. As a musician, DJ, record producer, and the C.E.O. of his record label, Soulistic Music Record Label, the South African musician worth an estimated $60 million.

Most Nigerian might flag him nameless amidst populous African musicians but be informed that he’s one of the most prominent music producers that Africa produces, for those at the music and entertainment industry can justify this fact. 

Black Coffee net worth 2023 according to Forbes can’t be questioned as we are going to see how the star journeyed in the music world.

Black Coffee came into the limelight after partaking in the 2004 Red Bull Music Academy hosted at Cape Town. The skillfulness and creativity of Black Coffee are particularly appealing to the electronic music fan. In September 2015, he was awarded “Breakthrough D.J. of the Year” in Ibiza. This is one of the numerous awards engrafted with this outstanding music producer, though most people still argue about black coffee 2023 net worth ratings.

4. WIZKID – (NET WORTH $21 MILLION)

Name: Ayodeji Ibrahim Balogun 

Stage name: Wizkid / StarBoy

Birth Date: 16th July 1990

Present Net Worth: $21 Million

Profession: Singer, songwriter.

Nationality: Nigerian

Record Label: Starboy; ‎R.C.A.‎; ‎Sony

Wizkid is the 2nd best musician in Africa, the richest Nigerian musician who also is the fourth richest musician in Africa. As he stuck his name on the richest musician in Nigeria 2023 Forbes list then we need to tell you about this great icon.

Wizkid started his musical career in 2001 when he was 11 years of age when the group of five that he and his friend created to release a collaborative album.

The self-acclaimed StarBoy, which doubled as his record label name, came into the limelight after releasing a lead single tagged “Holla at Your Boy” from his debut studio album Superstar in 2011.

Ayodeji Ibrahim Balogun makes an international recognition after his collaboration with Drake on the global hit, “One Dance,” which is top-rated in about 15 countries. Wizkid had in his collection numerous awards and nominations from home and abroad, among other awards, won the award for Next Rated at The Headies 2011. 

The talented Afrobeats superstar in 2019 made numerous money moves, especially the recent deal the supermodel had with the United Bank for Africa Plc (U.B.A.), which pockets over One billion dollars for the “Manya” hitmaker.

Africa’s hottest hip-hop stars sold out his ticket for his Afro Republik concert hosted at O2 Arena in London, thus implying over 20,000 fans being entertained by his songs for the one-night show. Starboy is also the brand ambassador for Popular Vodka brand, M.T.N., G.L.O., Pepsi, Guinness, and customized Ciroc.

In 2021, Wizkid won the Grammy Award for the Best Music Video “Brown Skin Girl” by Beyonce which placed him among the most respected musicians in the world.

Wizkid net worth 2023 Forbes rating can’t be questioned as most music lovers expect him to be richer than Davido. 

5. DAVIDO – (NET WORTH $20 MILLION)

Name: David Adedeji Adeleke 

Stage name: Davido

Birth Date: 21st November 1992

Present Net Worth: $20 Million

Profession: Singer, songwriter, record producer.

Nationality: Nigerian

Record Label: D.M.W., R.C.A., Sony

The self-acclaimed “Omo Baba Olowo (O.B.O.)” American-Nigerian singer, songwriter and record producer make list of the Forbes list of Africa’s richest artists. Being 2nd richest in Nigeria, and 5th in Africa. As one of the hottest Nigerian pop stars who has been ranked high on the international floor, courtesy through the influence of his spectacular release – Dami Duro, which jerk his musical career into the success pathway in 2011, after which he had produced songs for other top artists like Naeto C, Skales, Tiwa Savage, Sauce Kid and others.

Read Also: Richest Rappers In Africa Presently

David Adedeji Adeleke lineage is a wealthy one, which is the bedrock for his famous moniker O.B.O., but maintained that his wealth is self-made, which is a product of dynamic presence in the world of music. Davido has over the year won many international and local awards to his name in the likes of The Headies Awards. The D.M.W. boss, Baddo, is a brand ambassador to many global and domestic companies like Infinix, Globacom, Guinness Drink, AccessBET, and others.

6. DON JAZZY – (NET WORTH $18 MILLION)

Name: Michael Collins Ajereh 

Stage name: Don Jazzy 

Birth Date: 26th November 1982

Present Net Worth: $18 Million

Profession: Nigerian Record Producer, Singer, Songwriter, and Entrepreneur.

Nationality: Nigerian

Record Label: Mavins Record Label

Michael Collins Ajereh, popularly address by friends and associates as Don Jazzy, No 6 on the lists among the richest African musician and the third richest musicians in Nigeria. Don Jazzy is the сhаіrmаn оf Маvіnѕ Rесоrd Lаbеl, and also as a renowned hip hop artist, songwriter, record producer, as well as an entrepreneur. As other A-list artist, Don Jazzy is thе brаnd аmbаѕѕаdоr fоr Lоуа Міlk аnd Ѕаmѕung.

Don Jazzy is the co-founded Mo’Hits Records, the record firm which is a partnership deed between him, D’banj, and Wande Coal, which meet his waterloo due to managerial issues, thus leading to his establishment.

Don Jazzy began music in childhood and gave it wholeness into it, which made him relocate to Britain, where he proceeded with his career in music. Don Jazzy holds numerous Awards and had helped many talented artists like Korede Bello, Tiwa Savage, among others, in achieving their musical vision a reality.

7. BURNA BOY – (NET WORTH $17 MILLION)

Name: Damini Ebunoluwa Ogulu

Stage name: Burna Boy

Birth Date: 2nd July 1991

Present Net Worth: $17 Million

Profession: Singer, songwriter, rapper and a dancer

Nationality: Nigerian

Record Label: Spaceship entertainment

Burna Boy has his name listed with Forbes as one of the richest African musicians, the new Grammy Awards winner from Nigeria is a singer, songwriter, rapper and dancer. He was nominated twice for Grammy and he won it in 2021.

His music career officially kickstarted in 2010 and his first hottest release was titled “Like to Party burna boy” was released in 2012, this song made him popular and brought him into the limelight.

His patern of music derives inspiration from the late Fela Kuti though Burna Boy is individually excellent, he is a great musician and his talent speaks volumes.

Burna Boy is currently in a serious relationship with Stefflon Don the British singer, songwriter and rapper based in the UK.

Burna Boy net worth according to Forbes is estimated to be $17 million placing him on the NO7 spot on the list of the richest African musicians.

8. 2 BABA – (NET WORTH $16.5 MILLION)

Name: Innocent Ujah Idibia

Stage name: 2face Idibia

Birth Date: 18th September 1975

Present Net Worth: $16.5 Million 

Profession: Singer, songwriter, record producer, entrepreneur

Nationality: Nigerian

Record Label: Hypertek Digital

2Baba popularly known as 2Face Idibia is a Nigerian singer, musician, songwriter, record producer, entrepreneur, philanthropist, humanitarian, and activist.

He started singing right from school, when he was an undergraduate at IMT in Enugu a South Eastern region tertiary institutions 2face started writing songs, he dropped out of school and focused on his music career in 1996.

InnocentIdibia formed Plantashun Boiz together with Faze and Blackface and they parted ways on the allegation of song theft.

2face has worked alongside other top musicians in Nigeria and in Africa, he is one of the most respected and most celebrated African musicians.

According to Forbes 2023 2Face net worth is estimated to be $16.5 million.

9. RUDEBOY- (NET WORTH $16 MILLION)

Name: Paul Okoye

Stage name: RudeBoy

Birth Date: 18th November 1981

Present Net Worth: $16 Million

Profession: Singer, Songwriter and Dancer.

Originality/Nationality: Nigerian

Record Label ‎: ‎Fire Department Inc.

Peter Okoye popularly of the defunct P-Square is the 6th Nigerian on the Forbes list of the top 10 richest African musicians, with the stage name RudeBoy. The Nigerian musician is a singer, songwriter, and dancer. RudeBoy was born in Jos the capital city of Plateau State in Nigeria together with his twin brother on the 18th of November 1981.

With a net worth of $16 million, Rudeboy also known as King Rudy was able to come from behind and made it on the 9th position on the list of richest musicians in Africa.

10. TIMAYA – (NET WORTH $12 MILLION)

Name: Inetimi Timaya Odon

Stage name: Timaya

Birth Date: 15th August 1980

Present Net Worth: $12 Million

Profession: Singer, Songwriter.

Nationality: Nigerian

Record Label: DM Records

The Dancehall and Afrobeat singer Timaya is the 10th richest musician in Africa. He has always been at the top of his game ever since he started singing and he is known to always drop hits.

Timaya was born in Port Harcourt Rivers State in Nigeria on the 15th of August 1980 but he is originally from Bayelsa State in the same South-Southern region of Nigeria.

He is from a family of 15 and he is the youngest of them all, not from a rich background Timaya strived to be a different person and he started his journey to success when he dropped his debut single titled “Dem Mama”.

Timaya is currently one of the most successful and internationally renowned musicians, with an estimated net worth of $12 Million.

Conclusion On the 10 Richest Musicians In Africa

One of the constant things in life is change; the listing and delisting of Forbes’ top 10 richest African Artists of the continent will ever be dynamic. As state by the late legendary popular afrobeat make, Fela Anikulapo Kuti, who in his belief said music is a spirit, as well as its affair is.

Getting to the top of the ladder requires more than good vibes and lyrics, but the combination of the invisible with the visible.

This article is aimed at educating you about the African richest musicians in the current year and should not be as a yardstick to look down on other artists, who are yet to make a list. Only time will tell if they will and not you!

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